I was recently approached by an investor who wants to sell their quadplex in the SW side of Cedar Rapids IA.

@Mohsin Mazhar Everett and Chelsea are in your price range and are rapidly becoming more valuable

Investment Info:Small multi-family (2-4 units) buy & hold investment in Cedar Rapids.

If I learned that tenants were moving rapidly I'd think it was due to water/dampness and I'd look elsewhere.I think I could tell you what I'd do if I had the info above.If I was in doubt I wouldn't buy.

If you start growing rapidly multiple LLC's to spread risk might be a good idea, but I wouldn't worry about that for a small investor.If you're starting a real estate business that generates income other than rental income, I would recommend an S-corp so that you don't pay self employment tax on all income, just payroll tax on salary you take as employees of your S Corp.Hope this helps!

@Avi Santani,  In my opinion Point Breeze and Greys Ferry are some of the most rapidly appreciating and gentrifying zip codes in Philadelphia and possibly the nation.

Does anyone know of some good wholesale companies that I could get connected with that deals in properties in the Grand Rapids area? 

Utilities are in, phase one of the roads, curbs, gutters and water retention has been completed as well.I have received approval from the municipality to build the project as duplexes that will optimize cash flow and raise the number of finished units to approximately 300.I owe 1.25M and need 1.05M to finish the roads, curbs, gutters, and water retention.The first lien(1.25M) is overdue and was intended only as a bridge.The finished value of the subdivision would be 3.4M -4.5M as finished lots, depending on the comparables the appraiser uses.I have also found a lender that will lend to take the first out, but his points are high, it's not hard to get very expensive in points on a loan size like this.I am outside the Phoenix and Tucson markets in a smaller but rapidly growing area.

We've had several years of pretty rapid appreciation and now interest rates are up, there's a lower limit on mortgage interest deductions, and a cap on SALT deductions.

Although real estate agents have thrown rocks through their windows, their model proves to be resonating with homeowners as they are a rapidly growing company.